FINANCIAL CRIME CONFERENCE 2005 

Mr. Alain Damais was appointed Executive Secretary of the FATF on 10 January 2005. 

A French national, Mr Damais joined the Treasury Department in the French Ministry of Economy, Finance and Industry in 1997. He was a member of the French delegations to the FATF as well as to the OECD working group on bribery of public officials between 1997 and 2001. Lately, he was Senior Financial Sector Specialist in the World Bank since May 2002.

Mr. Damais holds Degrees in Political Science, Business Law and International Relations from the University of Paris I – Pantheon/Sorbonne.

He is married.

Professor Barry Rider has been a fellow of Jesus College Cambridge for the last thirty years. He now teaches a new course on justice and international development at the University of Cambridge. Until last March he also held, for nine years, the Directorship of the Institute of Advanced Legal Studies, in London. Professor Rider has combined his academic career with public service and was for many years an international civil servant responsible for a intelligence unit concerned with serious and organised crime in an inter-governmental organisation. He has also served as counsel to the IMF and as a consultant to many governments and international organisations.

Professor Rider is a practising investigator and lawyer and is currently responsible for Integrity Protection Services in the law firm Beachcroft Wansbroughs. Professor Rider is an Honorary Professor of Law at the University of the Free State, President of The British Institute of Securities Laws; Executive Director of the Centre for International Documentation on Organised and Economic Crime, Cambridge; Honorary Senior Reserach Fellow at the IALS, University of London and a visiting professor to many overseas universities. He holds doctorates in law from the University of Cambridge, University of London, Penn State University in the USA and the University of the Free State in South Africa. He is the general editor of many journals including The Company Lawyer, The Journal of Financial Crime, The Journal of Money Laundering Control and the International Journal of Disclosure and Governance. He has also written a number of books and many articles on the ontrol of financial crime and financial regulation.

Brendan Hewson is the Principal of Global Risk Advisory Services, established to assist the financial services industry with training requirements in the fields of financial crime prevention. Travel security advice is also a service that is offered.

Prior to establishing GRAS, Brendan was the Executive responsible for International Corporate Security at Bank of America for over ten years. The responsibilities of his department include the prevention and detection of international financial crime. He is also responsible for managing the security of the Bank’s overseas operations together with international travel security.

Brendan developed the system under the United Kingdom legislation, (Police and Criminal Evidence Act 1984, Schedule 1) which is used to obtain confidential material that may be evidence in inquiries, using the judicial process. This material includes, inter alia, bank records and records from accountants and attorneys required as evidence in criminal investigations being conducted in the United Kingdom or other jurisdictions overseas.

He has lectured in many parts of the world on the subject of international financial crime, money laundering and international fraud, to banks and other international financial institutions, this includes the Institute of Chartered Accountants, the Law Society, National and International Law Enforcement and various government departments and agencies.

Brendan is a Fellow of the Royal Society of Arts and a Member of the Chartered Institute of Personnel and Development. He is the author of “Seizure of Confidential Material” published by Butterworths Law Publishers as well as founder of the International Financial Fraud Convention, an annual event dedicated to bringing together representatives from the financial services industry of established and emerging economies for the purpose of developing ways to prevent international financial fraud.

Chris has over 17 years international experience investigating complex financial crimes and money laundering across the financial services sector.  He investigated the collapse of Bank of Credit and Commercial and subsequently gave expert evidence in criminal cases on global money laundering typologies and operational weaknesses.  He has worked in over 20 countries and is familiar with the current AML risk and regulatory environments, particularly in the APAC region.

Chris has performed numerous APAC wide risk reviews and advised both financial and non-financial institutions on how to implement effective AML programs. 

Chris has recently completed a 14 month global assignment for a leading international Investment Bank. The assignment involved a detailed review of AML legal and regulatory laws, environmental and organisational risks, Know-Your-Customer requirements and special treatment of high risk issues such as PEPs and intermediaries. The exercise covered 37 countries, including 15 countries across the APAC region.

David B. Caruso has been the Executive Vice President, Compliance & Security of Riggs Bank NA since June 2003 when he was hired to build a regulatory compliance, investigations, and security department in response to Office of the Comptroller of Currency and Federal Reserve Bank enforcement actions against Riggs.  He is responsible for Riggs’ compliance with the enforcement actions, implementing a BSA program across all consumer, commercial, investment, and international business lines. Mr. Caruso has also overseen the investigation of several major fraud schemes at Riggs that have received international coverage. 

Prior to joining Riggs, Mr. Caruso was a Director at two Big Four Accounting firms where he led anti-money laundering compliance and fraud investigations practices.  Prior to consulting, Mr. Caruso was the manager of the Fraud and Money Laundering Prevention group at JP Morgan & Company.

Mr. Caruso began his career as a Special Agent with the US Secret Service.  He received his BA from the George Washington University.

Dominic is the firm's Head of Advisory Services to the Financial Services  industry in Asia.  He is a member of the PricewaterhouseCoopers Global  Financial Services Advisory Leadership Team.  He has been with Pricewaterhouse Coopers in Singapore since 1991, and prior to that in PwC London.

During his career, he has been involved with the provision of a broad range of financial services assurance and advisory services including  statutory audits, financial due diligence, accounting advice, internal  audit and regulatory advice, to many leading global and regional  institutions.  Dominic has worked with PwC offices in London, Singapore  and Sydney.

Dominic is a member of the ICAEW.

Eric is responsible for policy development work in the field of anti-money laundering and countering terrorist financing (AML/CFT). He also represents the MAS in the Singapore Delegation to the Financial Action Task Force (FATF).

As a member of the Singapore Delegation to the FATF, Eric was involved in the development and adoption of the FATF's 2004 Assessment Methodology.  In January 2005, he also participated in the FATF's Mutual Evaluation of Norway as a financial expert.

Eric is a qualified lawyer and a member of the Singapore bar.  He holds an LL.B. from the National University of Singapore, and an LL.M. in Banking and Financial Law from University College London.

Eric joined the MAS in August 1999 and held the position of Assistant General Counsel before he assumed his present responsibilities within the External Department in December 2003.

Gary is a Chartered Accountant, who is a Partner of KPMG Forensic in Sydney.  He has spent a twenty-year career with KPMG in Canada, the United Kingdom, and Southern Africa.  Gary has specialised in the forensic accounting field since 1995, prior to which he was an assurance partner.  Gary has assisted clients in a variety of industries in assessing and mitigating fraud and misconduct risks.  He has also conducted numerous financial investigations for corporations,  financial institutions and government in Canada, the United States, the Caribbean, Afriaca and Eastern Europe.  On a number of engagements, Gary has worked closely with law enforcement agencies.

Gary has testified in court and qualified as an expert witness in the Supreme Court of British Columbia, Canada.

Grant Newsham is currently Executive Director for corporate security at Morgan Stanley Japan – with responsibility for organized crime and money laundering risks facing the banks operations. 

Mr. Newsham is a former diplomat, serving in the US Foreign Service for eight years, with assignments at the US Embassies in Tokyo and Islamabad.  His Foreign Service work covered a number of regions of the globe, with a specialty in third-world insurgencies and international trade and commercial matters.

He is a licensed attorney and previously worked for Graham & James, an international law firm in Los Angeles, California, and also served as co-chairman of the District of Columbia Bar’s International Trade Committee.

Mr. Newsham continues to serve as a Colonel in the US Marine Corps Reserve and currently handles involving terrorism and insurgency in South East Asia. 

Mr Herrington is a partner in the Washington office of Steptoe & Johnson LLP, where he is a member of the White Collar Defense and Litigation Departments. 

Mr. Herrington represented Riggs Bank N.A. in connection with both Senate investigations and hearings as well as the Department of Justice’s investigation and prosecution of the Bank.  He counsels a wide variety of domestic and international institutions on BSA/AML and OFAC compliance and enforcement issues.

Prior to joining Steptoe, Mr. Herrington served as Counsel for the Presidential Campaign Finance Inquiry on behalf of the US Senate Governmental Affairs Committee, where he managed the investigation of campaign finance law compliance.  In this position, he gained substantive experience in campaign finance, tax, and immigration fraud.

Mr. Herrington has more than 10 years of experience and has succeeded in a variety of individual and corporate representations in the areas of securities fraud, accounting fraud, environmental crime, and international extradition defense.  Mr. Herrington also has extensive experience managing and conducting civil litigation, including trial experience with a special emphasis on complex scientific and financial issues.  He has represented both individuals and institutions in investigations and inquiries conducted by the US House of Representatives, the US Senate, and a variety of administrative agencies.

Michael Blanchflower has practised law since 1978.  In May 2001 he was appointed Senior Counsel in Hong Kong Special Administrative Region. 

From 1978 to March 1986 he was a counsel in the Criminal Law Section of the Canadian Department of Justice.  In April 1986 he joined the Legal Department of the then Hong Kong Government where he was a counsel until September 2002, when he commenced private practice. 

His practice is mainly criminal, administrative, and constitutional and human rights law.  He has been counsel in appeals in Hong Kong’s Court of Final Appeal, the Privy Council and the Supreme Court of Canada. 

In respect of money laundering matters, for 15 years he has been involved with prosecuting and defending money laundering cases, applications for restraint and confiscation orders, and with drafting and advising on anti-money laundering legislation.  He has lectured and presented papers in Hong Kong and overseas on proceeds of crime, compliance with anti-money laundering laws, extradition, and mutual legal assistance.

Nancy Bercovici is in charge of the Relationship Management and Applications Function in the Bank Supervision Group at the Federal Reserve Bank of New York. In this capacity,    Ms Bercovici is responsible for developing and overseeing the execution of a supervision programme for certain banking organisations in the Second Federak Reserve District and for developing and maintaining relationships with supervised institutions, other US supervisory authorities and foreign supervisory agencies.  In addition, she has oversight responsibility for the Banking Applications Department.

Ms Bercovici joined the Bank in November 1976 in the Statistics Department of the Research Group where she was promoted to positions of increasing responsibility.  From January 1992 until the present, Ms Bercovici had various  responsibilities within the Bank Supervision Group, including assisting in the implementation of the Foreign Bank Supervision Enhancement Act, developing industry sound risk management practices for private banking and implementing the risk focused approach to examinations.

Ms Bercovici is a member of the Cross Border Banking Group of the Basel Committee on Banking Supervision.  In this capacity, she participated in the development of the Customer Due Diligence (2001) and Consolidated KYC Risk Management (2003) papers.

Ms Bercovici earned a MBA degree from Long Island University and a BS degree in mathematics from Adelphi University.

Paul has over 22 years experience in the area of fraud risk and investigaion including 15 years with law enforcement in Australia.  Following his career with the Police, he worked as a senior investigator for a major airline in the region investigating internal and external fraud.

Before joining Ferrier Hodgson, Paul was a Director with Ernst & Young Singapore's Global Investigations & Dispute Advisory Service practice for two and a half years providing fraud risk advice and investigation services throughout Asia.  Following this, he worked for a short period with Ernst & Young in their Sydney office.

In addition to his Australian experience, he has experience investigating fraud in the United States and Europe and extensive experience in Asia including Singapore, Hong Kong, Malaysia, Indonesia, Thailand, Vietnam and the Philippines.

Paddy currently runs JPMorgan Chase’s AML Compliance team in Asia Pacific. Located in Hong Kong, he and his team have responsibility for AML and KYC policy and procedure for the 15 Asian locations in which the firm have offices, together with wire transfer monitoring and regulatory investigations.

Paddy started his career as a bobby in London’s Metropolitan Police in London in 1989, working first on the beat and latterly in the local drug squad. Joining the Royal Hong Kong Police in 1991 as an Inspector, he quickly became a detective, working first in CID and latterly in the Commercial Crime Bureau.

He has been with JPMorgan Chase since 1997, working in corporate security in Singapore until 2000, looking at both physical security and the due diligence process for Private Banking and M&A, and then moving to London where he set up and managed the client vetting group for the investment bank in Europe. In 2003, he returned to Hong Kong to take up his current post.

Peter joined DBS Bank in April 05 as Senior Vice President and Head of Compliance Services, Group Compliance. He has group wide responsibility for all areas of financial crime risk including: the anti-money laundering and counter terrorist financing programs, group investigations, FAA complaints handling, compliance surveillance and reviews, enhanced due diligence, employee screening, policy, compliance education and management reporting.

Prior to joining DBS Bank, Peter was based in New York, where he was Vice-President, International AML Compliance with JP Morgan Chase Bank. He was responsible for coordinating JPMC’s international AML compliance program as well as heading global AML training, the global anti-terrorist finance program and the AML quality assurance function. He was a member of the firm’s AML Oversight Committee.

In the 7 years prior to his career in New York, Peter was based in JPMC’s Singapore branch as the Asia Regional Head of AML and Sanctions Compliance, in addition to heading the Fraud and Regulatory Investigations practice. He was also the Chairman of the Financial Crime Task Force of the Singapore Association of Banks.

Prior to joining JPMC, Peter served as a Detective Senior Inspector within the Intelligence Section, Commercial Crime Bureau, Hong Kong Police where he specialised in the investigation of complex cross border white collar crime.

Peter graduated from the Universities of Hong Kong and Hull (UK).

Rebecca LI joined the Independent Commission Against Corruption  in 1984 and has all along been working with the Operations Department.  She is now an Assistant Director of the Department.

Miss LI had dealt with corruption investigations involving disciplined forces and different government departments for over 10 years.  Since July 2003, she has been in charge of an investigating branch which deals with private sector corruption.  In this role, one of her responsibilities is to supervise investigations into corruption facilitated fraud and money laundering in the finance and banking industries. 

Miss LI is the holder of a masters degree in Criminal Justice from the University of Leicester.

Richard Small is currently Managing Director, Global Anti-Money Laundering for Citigroup.  In this position, Mr. Small is responsible for overseeing the anti-money laundering policies and procedures for all of Citigroup’s businesses globally. 

Prior to joining Citgroup, Mr. Small was on the staff of the Board of Governors of the Federal Reserve System for nearly 12 years.  Mr. Small joined the Federal Reserve in 1989 as Special Counsel, with responsibility for all Bank Secrecy Act and money laundering matters, as well as responsibility for conducting investigations of complex financial transactions, suspicious activities and related enforcement actions.  Mr. Small was instrumental in developing policies and regulations in such areas as the reporting of suspicious transactions, Know Your Customer and the Bank Secrecy Act.  Mr. Small was appointed to the official staff of the Federal Reserve in September 1997, first as Assistant Director and then Deputy Associate Director with primary responsibility for the enforcement and special investigations functions of the Federal Reserve.

From 1988 to 1989, Mr. Small was Senior Counsel for Law Enforcement in the Office of the General Counsel of the U.S. Department of the Treasury.  In this position, Mr. Small provided counsel to senior Treasury Department personnel on matters related to the law enforcement responsibilities of the U.S. Customs Service, the U.S. Secret Service, the Bureau of Alcohol, Tobacco and Firearms, the Internal Revenue Service and the Office of Financial Enforcement.

From 1980 until 1988, Mr. Small was a Federal prosecutor with the U.S. Department of Justice, first with the Antitrust Division, in Philadelphia, Pennsylvania and then as a Special Attorney, Assistant Chief and Acting Chief of the Organized Crime Strike Force in Los Angeles, California.

Rohan Gunaratna is Head of the International Centre for Political Violence and Terrorism Research (ICPVTR) at the Institute of Defence and Strategic Studies in Singapore. He is also a Senior Fellow at the Combating Terrorism Centre at the United States Military Academy (USMA) at West Point and a Honorary Fellow at the International Policy Institute for Counter Terrorism (ICT) in Israel.

He advised Risk Management Solutions California, in the design of the Terrorist Risk Model and the Maritime Intelligence Group (MIG) in Washington DC, in the design of the Vigillence Vessel Profiling System (VVPS). He also led the specialist team that designed and build the UN Database on the Mobility, Weapons and Finance of Al Qaeda, Taliban and their Entities. He has conducted foundation, specialized and advanced CT training for intell, enforcement, and the military in the US, Europe, Australia, NZ and in Asia.

He is the author and editor of ten books including "Inside Al Qaeda: The Global Network of Terror" (Columbia University Press), an international bestseller, Jane's Counter Terrorism, and "Combating Terrorism: Military and Non Military Options" (Eastern Universities Press: forthcoming). He received his Masters in International Peace Studies from Notre Dame, USA, and a doctorate in international relations from St Andrews, UK. In recognition of his contribution to the field, he was elected a Fellow of the Royal Society of Arts of the UK in 2001, and Chairman of the NATO-PfP Working Group in Counter Terrorism in 2002.

Prior to joining DBS, Sharon was with JPMorgan as Head of Compliance for South and Southeast Asia and Regional Regulatory Counsel for Asia. Sharon was instrumental in the legal, regulatory and compliance aspects of the mergers of Jardine Fleming, JPMorgan and The Chase Manhattan Bank in South and Southeast Asia. Arising from the events of the late 1990s in Asia, Sharon together with a group of industry counterparties assisted the Singapore Foreign Exchange Markets Committee in drafting the mechanisms for settling Ringgit and Indonesian Rupiah (offshore) contracts. Sharon previously worked with The Monetary Authority of Singapore, where she was responsible for supervising a portfolio of financial institutions, represented Singapore in discussions and negotiations with international bodies, and provided training to a number of regional regulators.

Sharon holds a law degree from Cambridge University, and is a member of the bars of England and Wales, the Republic of Singapore, and New York State. She is also a Chartered Financial Analyst and a Board Member of the CFA Society of Singapore (previously known as the Singapore Society of Financial Analysts).

Mr. Tan is the drafting Legal Counsel for ABS. He was responsible for the drafting of the ABS AML/CFT Guidelines (to be finalised). He was also responsible for drafting the Singapore’s Law Society’s “Anti-Money Laundering Guidelines”. He was the Head of Legal Department, DBS Bank. He is a compliance lawyer, specialising in anti-money laundering and other compliance matters. Mr Tan is a professional trainer and he is a regular speaker in local, regional and international conferences (such as the Cambridge International Symposium on Financial Crime). He is also a regular writer for journals such as Journal of Money Laundering Control, Journal of Financial Crime, Law Gazette etc.

HSBC is one of the few banks which has set up a global designated unit to manage and oversee fraud risk issues associated with the use of e-channels for conducting business.  Thomas Yung joined this challenging unit in April 2003 and is now leading the Asia-pacific team covering 20 countries / areas including Hong Kong, Singapore, Malaysia, and Australia.  His prime responsibilities are managing and directing fraud prevention, risk assessment, incident management and fraud investigation in the highly dynamic e-space.  He is the liaison officer of the Bank with law enforcement authorities, anti cyber crime associations, and technology vendors in the region.  He also represents HSBC in various industry forums and was the Chairman of the Hong Kong Association of Banks e-banking working group in 2003.

Mr. Yung graduated in the University of NSW in Australia with a Bachelor degree in Computer Science and a Bachelor degree in Electrical Engineering.  He joined HSBC in 1987 and has taken up various positions in IT, Electronic Banking, Personal Financial Services, Trade Services, and Cash Management Services for over 15 years before he moved to the current job.

Tim Morris joined MasterCard International after 21 years law enforcement experience, the last 18 of which were with the Australian Federal Police (AFP). Tim had a wide and diverse law enforcement career that included drug and organised crime, fraud and money laundering investigations. 

He was formally the head of the ‘Agio’ money laundering task force a multi agency task force dedicated to exploiting financial intelligence and recently was the National Director of Investigations for the AFP. His last post included the responsibility for the creation of the Australian High Tech Crime Centre and the creation of the AFP’s counter terrorism investigation teams.  He was the Australian head of the Bali bombings investigation for which he was awarded the Order of Australia.
Tim is now responsible for Security and Risk Services in the Asia Pacific with MasterCard – a diverse role in a diverse region that provides continuing challenges and opportunities in the field of risk services.